To maintain a competitive GIF lineup and provide the best value for our clients, we periodically review our GIF offerings. As such, on
November 24, 2023 at 4 p.m. (ET), we will be
closing the
DFS GIF – Fixed Income – Desjardins Wise ETF (the closing GIF). On this date, the value of the units in the closing GIF will be
automatically transferred to a replacement fund, the
DFS GIF – Canadian Bond.
Important dates
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September 15, 2023 at 4 p.m. (ET) | Deadline after which we will no longer accept:
- New deposits to the DFS GIF – Fixed Income – Desjardins Wise ETF, except deposits made under an existing PAD agreement
- Switches of units of another GIF for units of the DFS GIF – Fixed Income – Desjardins Wise ETF
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November 17, 2023 at 4 p.m. (ET) | Deadline to:
- Switch units of the DFS GIF – Fixed Income – Desjardins Wise ETF for units of a GIF other than the replacement GIF
- Withdraw some or all units of the DFS GIF – Fixed Income – Desjardins Wise ETF (except withdrawals under existing systematic withdrawal programs)
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November 24, 2023 at 4 p.m. (ET) | The DFS GIF – Fixed Income – Desjardins Wise ETF will be closed, and we will transfer the value of units of this GIF to the replacement GIF |
Client communications
Only contract owners to which units of the closing GIF are attributed will receive an
Advance Notice of Change, which will be mailed out in the week of September 11, 2023. Advisors of these clients will receive a list of their impacted clients via email by September 12, 2023.
Information for advisors
You can review the Advance Notice of Change to learn more about this fund closing. Please read the
Questions and Answers document for additional information on the topic.
Non-registered contracts containing units of the closing DFS GIF – Fixed Income – Desjardins Wise ETF will be subject to a taxable disposition. For more details, please refer to section 1.2 of the
Questions and Answers document.
